Indiana § 5-10.2-2-13 Custodial agreements for securities; servicing of mortgages; securities
lending program

Indiana Statutes

§ 5-10.2-2-13 — Custodial agreements for securities; servicing of mortgages; securities lending program

Indiana § 5-10.2-2-13

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 2The Retirement Funds

This text of Indiana § 5-10.2-2-13 (Custodial agreements for securities; servicing of mortgages; securities lending program) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-10.2-2-13 (2026).

Text

(a)The board may enter into a custodial agreement with a trust company or state or national bank to provide for the custody and servicing of the securities and other investments under the control of the board.

(b)The agreement may contain such terms as the board considers desirable including:

(1)the custody, safeguarding or indemnity, servicing, handling and delivery of the securities and other investments; and

(2)the payment of taxes, fees of the custodian, and other expenses and payments required in connection with the securities and investments.

(c)Any person, firm, limited liability company, or corporation authorized to service mortgage loans guaranteed by the federal housing administration may be authorized by the board to service a mortgage loan held by the fund.

(d)The board m

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(a) The board may enter into a custodial
agreement with a trust company or state or national bank to provide for
the custody and servicing of the securities and other investments under
the control of the board.
(b) The agreement may contain such terms as the board considers
desirable including:
(1) the custody, safeguarding or indemnity, servicing, handling
and delivery of the securities and other investments; and
(2) the payment of taxes, fees of the custodian, and other expenses
and payments required in connection with the securities and
investments.
(c) Any person, firm, limited liability company, or corporation
authorized to service mortgage loans guaranteed by the federal housing
administration may be authorized by the board to service a mortgage
loan held by the fund.
(d) The board may authorize its custodian to enter into a securities
lending program agreement, under which the securities held by each
fund may be loaned in order to provide revenue to the fund. Such an
agreement must require that collateral be pledged in excess of the total
market value of the loaned securities.
As added by Acts 1977, P.L.53, SEC.2. Amended by Acts 1980,
P.L.28, SEC.3; P.L.8-1993, SEC.55; P.L.35-2012, SEC.38.